Versant Capital Management Inc Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 508 shares of the company’s stock, valued at approximately $29,000.

Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Sunbelt Securities Inc. bought a new stake in Wheaton Precious Metals during the second quarter worth $47,000. St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals during the third quarter worth $48,000. Dunhill Financial LLC lifted its stake in Wheaton Precious Metals by 200.9% in the third quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock valued at $64,000 after acquiring an additional 701 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at about $67,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

WPM stock opened at $56.83 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The company’s 50-day simple moving average is $60.76 and its 200 day simple moving average is $60.26. The company has a market capitalization of $25.78 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm earned $0.27 earnings per share. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.09%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WPM. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Raymond James raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.67.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.